The Board has at its meeting held today considered and approved Audited Financial Results for quarter and year ended March, 2026 read with Auditor Report . Annexed herewith are Audited ....
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Relicab Cable Manufacturing reported strong financial performance for FY26. Revenue from operations grew significantly to ₹642.1 crore from ₹398.3 crore in the previous year, representing approximately 61% revenue growth. Profit before tax improved to ₹9.2 crore from ₹5.7 crore year-on-year. The company operates in the single segment of cables and wires. The statutory auditors, Jain Jagawat Kamdar & Co., issued an unmodified audit opinion, meaning they gave a clean report on the financial statements. However, the auditor's report includes three 'Emphasis of Matter' paragraphs highlighting concerns: weak internal controls regarding reconciliation of deposits and receivables, uncertainty around Labour Code implementation, and inadequate documentation for MSME trade payable classification.
The company showed robust top-line and bottom-line growth, which is positive for shareholders. However, the Emphasis of Matter paragraphs suggest internal control weaknesses and potential liabilities that could create future uncertainties. Long-term borrowings more than doubled from ₹6.89 crore to ₹14.63 crore, indicating increased leverage that warrants monitoring.